This us a fairly common strategy not limited to tech.
For instance, Starbucks in the UK:
> Starbucks Coffee Company (UK) made a £149m “gross profit” in the year to October 2023, up from £129m the year before. But after “administrative expenses” of £127m, its pre-tax profits were reduced to £16.9m, on which it paid £7.2m tax...
In 2012, it was revealed that Starbucks had paid just £8.6m in taxes on £3bn in UK sales since 1998,
This us a fairly common strategy not limited to tech.
For instance, Starbucks in the UK:
> Starbucks Coffee Company (UK) made a £149m “gross profit” in the year to October 2023, up from £129m the year before. But after “administrative expenses” of £127m, its pre-tax profits were reduced to £16.9m, on which it paid £7.2m tax...
In 2012, it was revealed that Starbucks had paid just £8.6m in taxes on £3bn in UK sales since 1998,
https://www.theguardian.com/business/2024/apr/05/starbucks-p...